Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities

The Global Labor Market Conference (GLMC), has experienced the signing of 31 arrangements and Memoranda of Understanding (MOU) between various entities, intending to offer thousands of training opportunities and jobs for the global workforce. This contract was signed at the second edition of the GLMC 2025, introduced in Riyadh, Saudi Arabia, by His Excellency Engineer Ahmad Bin Salman Alrajhi, the Minister of Human Resources and Social Development, along with 40 labour ministers. According to the ministers, these initiatives will focus on certifying varied groups, such as new graduates, ladies, and employment people with impairments, for appropriate work through specialised training programmes, consisting of development, academic efforts, leadership preparation, employment and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million youths are presently unemployed, and nearly 20 percent of individuals aged 15 to 54 are either utilized or participated in education, organizations, or training programs. Read also: Boost for business owners as IBPLC creates jobs with Hero apprenticeship effort

These data have likewise revealed that nearly 40 percent of employers report difficulties in filling jobs due to a mismatch in between workforce abilities and labour market needs, with youth unemployment surpassing 30 percent in some regions internationally. Related News
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Highlighting the significance of these contracts, Alrajhi said “These figures highlight the urgent requirement to establish extensive techniques to attend to these common obstacles effectively.” “Transforming them into chances, ultimately we can all collaborate to guarantee the success of our economies, communities, and workforces.” The minister also noted that the contracts concentrate on enhancing functional effectiveness, promoting innovation, and driving value creation in positioning with Saudi Vision 2030. Key entities associated with these arrangements consist of the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), employment Takamol Holding, INSEAD, UiPath, Bella Vista Institute of Higher Education, the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman .
The GLMC’s MOU will see several notable cooperations emerged. INSEAD will provide academic services, while collaborations with Space Faculty and ProFun will explore innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programs concentrated on leadership development and capacity structure. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish workforce credentials and employment training initiatives. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship development. A considerable advancement is the establishment of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity skills amongst students and the workforce, employment among others. Share
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